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    Sunstone Credit secures $20 million in Series A funding round

    Sunstone Credit secures $20 million in Series A funding round

    New-York based Impel secures $104 million in growth funding

    New-York based Impel secures $104 million in growth funding

    Metagenomi bags an extra $100 million before closing its Series B

    Metagenomi bags an extra $100 million before closing its Series B

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

    Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Sunstone Credit secures $20 million in Series A funding round

      Sunstone Credit secures $20 million in Series A funding round

      New-York based Impel secures $104 million in growth funding

      New-York based Impel secures $104 million in growth funding

      Metagenomi bags an extra $100 million before closing its Series B

      Metagenomi bags an extra $100 million before closing its Series B

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      Aspen Neuroscience sign $40 million debt deal with Silicon Valley Bank

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      Rivian may become the biggest U.S. market entrant on the IPO list this year

       343 total views,  1 views today

      USTechTimes Editor by USTechTimes Editor
      August 31, 2021
      Rivian may become the biggest U.S.  market entrant on the IPO list this year
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      Rivian, a California-based automotive startup, has filed an initial public offering. While there’s already a buzz around IPOs in the U.S. market, Rivian is getting special attention as the tech giant Amazon has been one of the investors. The company looks forward to an initial valuation of $80 billion. 

      Rivian is an automotive startup that mainly deals with electric trucks and utility vehicles. It filed the paperwork on Friday with the Exchange Commission and U.S. Securities. At present, the electric automaker has raised around $10.5 billion, from which $2.65 billion was raised in January by the existing investors. As per the reports, the latter investment rounds took the startup’s valuation to more than $27 billion. 

      If Rivian manages to capitalize on the target valuation, it will be the biggest public entity entry in 2021. Since huge market players such as Amazon and Ford are among the company backers, Rivian is said to have potential to compete with Tesla. 

      It was back in 2009 when RJ Scaringe founded the company. The name was later changed with ‘Rivian,’ meaning ‘Indian River’ in Florida. Speaking of strength, the company presently works with around seven thousand employees. With the company going public, it aims to expand the team and start the manufacturing process of electric pick-up and SUVs. 

      As we look at the company’s pace, the market may welcome the launches in the coming year. Experts suggest the new launches and expansion plans will pose a challenge for industry giants. 

      Along with Rivian, there are many other big names with huge company backers making news for filing IPOs. GlobalFoundries and TPG, to name a few. The year has been a busy one for public company entrants. 

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      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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